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Toshiba and IBM Discuss Plans
For Design Systems Joint Venture

Dow Jones Newswires

Updated Oct. 26, 1999 1:35 a.m. ET

TOKYO -- Japanese electronics maker Toshiba Corp. and computer giant International Business Machines Corp.'s IBM Japan Ltd. are discussing a plan to set up a joint venture to design and market information systems for financial institutions, Toshiba said Tuesday.

The two companies are expected to reach official agreement on the plan in the near future, a Toshiba spokesman said.